U.S. ethanol production at four-year low

U.S. ethanol production averaged 1.02 million barrels per day during the week ending Aug. 16, down 2.1 percent for the week and down around 4.7 percent YOY. Since mid-July, this year’s weekly ethanol production has lagged last year’s volume by around 4 percent. Weekly [...]

Renewed equities & energy buying with more dovish Fed

In recent testimony, Fed Chairman Powell stated that the longer-term policy of the Central Bank is now aiming for lower rates than today. Although several Fed members voiced worries about guarding against inflation, most now favor some sort of rate cut, as evidence by [...]

March biodiesel production down 5 percent YOY

U.S. manufacturers produced 141 million gallons of biodiesel in March, up 8 percent from February but 8 million gallons less than a year ago. Total sales of B100, including B100 used in biodiesel blends, were about the same year over year. Imports were 21.4 [...]

Natural gas prices sink to life-of-contract lows

The U.S. Energy Information Administration weekly natural gas storage report issued on May 30 continued to show heavy injections and another 114 billion cubic feet (bcf) build, bringing total inventories to 1,867 bcf. Total inventories were nearly 9 percent above last year’s level, although [...]

Stock markets slide amid U.S.-China trade uncertainty

Stock market volatility picked up last week with a further hike for U.S. tariffs on Chinese products. The Trump administration accused China of reneging on several areas previously negotiated, and tensions escalated further between the two countries. The current understanding is that imports already [...]